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Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
The following table summarizes financial assets and financial liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021 segregated by the level of valuation inputs within the fair value hierarchy used to measure fair value.

Recurring Fair Value Measurements
December 31, 2022
(In thousands)(Level 1)(Level 2)(Level 3)
Available-for-sale debt securities
U.S. Treasuries$167,251 $0 $167,251 $0 
Obligations of U.S. Government sponsored entities601,167 0 601,167 0 
Obligations of U.S. states and political subdivisions85,281 0 85,281 0 
Mortgage-backed securities - residential, issued by
U.S. Government agencies52,668 0 52,668 0 
U.S. Government sponsored entities686,222 0 686,222 0 
U.S. corporate debt securities2,378 0 2,378 0 
Total Available-for-sale debt securities$1,594,967 $0 $1,594,967 $0 
Equity securities$777 $0 $0 $777 
Recurring Fair Value Measurements
December 31, 2021
(In thousands)(Level 1)(Level 2)(Level 3)
Available-for-sale debt securities
U.S. Treasuries$157,834 $0 $157,834 $0 
Obligations of U.S. Government sponsored entities832,373 0 832,373 0 
Obligations of U.S. states and political subdivisions104,169 0 104,169 0 
Mortgage-backed securities - residential, issued by
U.S. Government agencies77,157 0 77,157 0 
U.S. Government sponsored entities870,556 0 870,556 0 
U.S. corporate debt securities2,424 0 2,424 0 
Total Available-for-sale debt securities$2,044,513 $0 $2,044,513 $0 
Equity securities$902 $0 $0 $902 
Schedule of assets and liabilities measured at fair value on a non recurring basis
(In thousands)Fair value measurements at reporting date using:Gain (losses) from fair value changes
As ofQuoted prices in active markets for identical assetsSignificant other observable inputsSignificant unobservable inputsYear ended
Assets:12/31/2022(Level 1)(Level 2)(Level 3)12/31/2022
Individually evaluated loans$9,460 $0 $9,460 $59 
Other real estate owned152 0 0 152 15 
 
(In thousands)Fair value measurements at reporting date using:Gain (losses) from fair value changes
As ofQuoted prices in active markets for identical assetsSignificant other observable inputsSignificant unobservable inputsYear ended
Assets:12/31/2021(Level 1)(Level 2)(Level 3)12/31/2021
Individually evaluated loans$5,456 $0 $5,456 $(7,107)
Other real estate owned46 0 0 46 (8)
Schedule of carrying amount and fair value of financial instruments
The following table presents the carrying amounts and estimated fair values of the Company’s financial instruments at December 31, 2022 and 2021. The carrying amounts shown in the table are included in the Consolidated Statements of Condition under the indicated captions. The fair value estimates, methods and assumptions set forth below for the Company’s financial instruments, including those financial instruments carried at cost, are made solely to comply with disclosures required by GAAP and does not always incorporate the exit-price concept of fair value prescribed by ASC Topic 820-10 and should be read in conjunction with the financial statements and notes included in this Report.

Estimated Fair Value of Financial Instruments
December 31, 2022
(In thousands)Carrying AmountFair Value(Level 1)(Level 2)(Level 3)
Financial Assets:
Cash and cash equivalents$77,837 $77,837 $77,837 $0 $0 
Securities - held-to-maturity312,344 261,692 0 261,692 0 
FHLB and ACBB stock17,720 17,720 0 17,720 0 
Accrued interest receivable24,865 24,865 0 24,865 0 
 Loans and leases, net1
5,222,977 4,939,246 0 0 4,939,246 
Financial Liabilities:
Time deposits$631,411 $616,488 $0 $616,488 $0 
Other deposits5,970,884 5,970,884 0 5,970,884 0 
Securities sold under agreements to repurchase56,278 56,278 0 56,278 0 
Other borrowings291,300 289,234 0 289,234 0 
Accrued interest payable1,420 1,420 0 1,420 0 
 1 Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.

Estimated Fair Value of Financial Instruments
December 31, 2021
(In thousands)Carrying AmountFair Value(Level 1)(Level 2)(Level 3)
Financial Assets:
Cash and cash equivalents$63,107 $63,107 $63,107 $0 $0 
Securities - held-to-maturity284,009 282,288 0 282,288 0 
FHLB and ACBB stock10,996 10,996 0 10,996 0 
Accrued interest receivable22,597 22,597 0 22,597 0 
 Loans and leases, net1
5,032,624 5,028,734 0 0 5,028,734 
Financial Liabilities:
Time deposits$639,674 $641,517 $0 $641,517 $0 
Other deposits6,151,761 6,151,761 0 6,151,761 0 
Securities sold under agreements to repurchase66,787 66,787 0 66,787 0 
Other borrowings124,000 125,700 0 125,700 0 
Accrued interest payable901 901 0 901 0 
1 Lease receivables, although excluded from the scope of ASC Topic 825, are included in the estimated fair value amounts at their carrying value.